The downtrend is officially over! After a sharp decline, WCT has beautifully carved out a classic "W" bottom reversal pattern, signaling that the sellers are exhausted and a new uptrend is beginning. The current consolidation is your golden opportunity to get in.
Don't let the past red candles fool you; the momentum has shifted, and the bulls are now in control. $WCT
📊 The Bullish Case (Why The WCT Rally Is Real)
🔹 Classic "W" Bottom: The chart shows a textbook double bottom formed around the $0.3200 level. This is one of the most powerful and reliable bullish reversal patterns.
🔹 Downtrend Annihilated: The downtrend line from the previous high has been decisively broken. The bears have lost control, and the path of least resistance is now to the upside.
🔹 New Uptrend Established: We now see a clear pattern of higher highs and higher lows, confirming that a new, healthy uptrend is underway. The current pause is just building energy.
🔹 Excellent Risk/Reward: Buying into this newly formed trend offers a fantastic risk-to-reward ratio. The potential upside is significant compared to a tight stop loss below the recent lows. $WCT
📈 The Trade Recommendation:
This is a classic "buy the dip" opportunity after a confirmed reversal pattern.
✅ BUY: In the current zone of $0.3430 – $0.3440
🎯 TP1: $0.3500 (The recent swing high)
🎯 TP2: $0.3600
🛑 SL: $0.3380 (A secure stop below the recent consolidation)
🔥 The Bottom Line: The selling is over, the reversal pattern is clear as day, and the new uptrend is just getting started. This is your chance to get in at the ground floor of the next major WCT rally.
👇 Do you think WCT will re-test the highs this week? Let me know your thoughts! 👇
❤️ Like if you're bullish on this "W" bottom, and follow for more powerful setups.
